US Dollar dip to be faded, summer lull kicks in.
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US Dollar dip to be faded, summer lull kicks in.
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USD/CAD is currently stuck in a low volatility rut and with little Canadian economic data of note released over the next few days, US dollar price action will determine the pair’s fate
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Gold has been able to pick up some bullish momentum on the back of the latest US CPI data, but are buyers strong enough to break a key resistance?
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The UK economy grew by a huge 22.2% year/year in Q2, just above analysts’ forecasts but not by enough to boost GBP/USD, which continues to trade sideways.
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The US Dollar continues to consolidate after the US CPI release with central bank tapering a key determinant of future direction. As USD rises, CHF depreciation approaches important levels.
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